Economy/Finance

Philippines Court Freezes Assets of Suspended Mayor Alice Guo Linked to Illegal POGO Activities

Vanja Mitic
Online gaming software, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Unsavory reports, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Crime, Fines, Lawsuits & Litigation, Financial Fraud, Philippines
The Philippines’ Anti-Money Laundering Council (AMLC) has secured a freeze order from the Court of Appeals (CA) on the assets of suspended Mayor Alice Guo and other individuals allegedly linked to the illegal a...

Oklahoma Tribal Casinos Fuel Record $6.8 Billion Indigenous Gaming Revenue in 2023

Johnny K.
Tribal Gaming, U.S.A., Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Financial Press Releases, Kansas, Oklahoma, Texas
The Oklahoma City and Tulsa regions have been instrumental in setting a new record for Indigenous gaming revenue, totaling $6.8 billion last year. This remarkable achievement has significantly bolstered the fin...

Petersburg, VA Poised for Casino Development Pending November Referendum Approval

Vanja Mitic
Virginia, Casino proposals, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Casino Destinations, New Hotels, World Casino News, North America Casino News, Casino project updates, Gaming Industry News, Economy/Finance
Petersburg is on the brink of potentially becoming home to a new casino. The Virginia Lottery Department has given its nod to the city’s plans, marking a significant step forward. All that remains now is for a ...

DraftKings Penalized $100,000 for Reporting Inaccurate Betting Data

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Online gaming software, World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Technology, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Sports betting, Fines, Lawsuits & Litigation, New Jersey
In a strongly worded reprimand, New Jersey's gambling regulators have fined DraftKings $100,000 for providing incorrect sports betting data to the state. This was deemed “unacceptable conduct, " highlighting si...

Philadelphia Casino Fined $100,000 for Accepting Proxy Sports Bets

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Online gaming software, World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Technology, Economy/Finance, Mobile gaming, Illegal Bookmaking, Licensed online casinos in USA, Sports betting, Online Gambling News, Crime, Pennsylvania
The Pennsylvania Gaming Control Board has imposed a significant fine on a Philadelphia casino for accepting sportsbook wagers from a patron who was not physically present at the property. Stadium Casino RE, ...

NYRA and FanDuel Racing Hit Contractual Impasse, Halting Content Access

Vanja Mitic
Online gaming software, Latest Casino and Gambling News, Technology, Gaming Industry News, Mobile gaming, Economy/Finance, Licensed online casinos in USA, Horse Racing, Sports betting, Online Gambling News, Mergers, Acquisitions & Partnerships, New York
The New York Racing Association (NYRA) announced on July 4 that a contractual dispute between NYRA and FanDuel Racing has led to the removal of all NYRA content from FanDuel's wagering platforms. This impasse m...

US Tax Authority Announces Northern Marianas Gaming Regulator Owes $5.8M in Taxes

Johnny K.
Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Taxation, Asian Casino News, Bankruptcy, Fines, Lawsuits & Litigation, Northern Mariana Islands
The US Internal Revenue Service (IRS) has filed a federal tax lien against the Commonwealth Casino Commission (CCC) of the Northern Mariana Islands, claiming over $5.8 million in unpaid taxes dating back to 202...

Rivers Casino Portsmouth Penalized $545,000 for Violations Spanning Multiple Occurrences

Vanja Mitic
Virginia, Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Unsavory reports, World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Fines, Lawsuits & Litigation
Rivers Casino Portsmouth has been hit with substantial fines following a series of regulatory violations identified by the Virginia Lottery over the past year. The casino has agreed to pay a total of $545,000 i...

Paradise Group in South Korea Unveils Major Expansion Plans for Travel and Casino Sectors

Vanja Mitic
Casino Destinations, Casino News, Latest Casino and Gambling News, Casino expansion projects, Gaming Industry News, Casino project updates, Economy/Finance, Asian Casino News, South Korea
Paradise Group is set to revolutionize customer experiences by introducing innovative travel products and enhancing its casino offerings, with a strong emphasis on attracting international visitors. The hotel o...

PH Resorts Ends Agreement with TRLEI for Emerald Bay Resort Project

Vanja Mitic
Casino Destinations, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Gaming Industry News, Casinos of the Philippines, Economy/Finance, Asian Casino News, Mergers, Acquisitions & Partnerships, Philippines
PH Resorts Group Holdings Inc, which is overseeing the stalled Emerald Bay Resort casino project in Mactan, Cebu, has officially terminated its term sheet with Tiger Resort Leisure & Entertainment Inc (TRLE...

Nevada Casinos Achieve Record $1.32 Billion in May Amid Strong Event-Driven Growth

Vanja Mitic
Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Mobile gaming, Sports betting, Online Gambling News, Financial Press Releases, Nevada
Nevada's casino industry continues to chart a course towards another record-breaking year, buoyed by strong performance in May despite facing challenges in regional markets. Continued growth in Nevada casino...

LinQ Secures $2.3M Funding to Accelerate Mobile Game Developers’ Entry into RMG Market

Vanja Mitic
Online gaming software, Latest Casino and Gambling News, World Casino News, Online gambling regulation, Gaming Industry News, Technology, Mobile gaming, Economy/Finance, Online Gambling News
LinQ, a pioneering platform in the Real Money Gaming (RMG) sector, has announced a significant funding milestone of $2.3 million from strategic investors including Drive by DraftKings, Sharp Alpha Advisors, Mid...